Monroe, Louisiana — July 10, 2017 — The states of Alaska, Colorado, New York and Pennsylvania recently approved CenturyLink, Inc.’s (NYSE: CTL) acquisition of Level 3 Communications, Inc. (NYSE: LVLT).
These four states join Delaware, Georgia, Hawaii, Maryland, Minnesota, Ohio, Utah, Virginia, West Virginia and the District of Columbia in approving the acquisition. The merger has also received regulatory clearance from Connecticut, Indiana, Louisiana, Montana, Nevada, Texas and Puerto Rico.
“More than 20 states and territories have now approved or cleared the CenturyLink – Level 3 merger,” said CenturyLink Senior Vice President for Public Policy and Government Relations John F. Jones. “The combined company will have an extensive global network with a greater range of services that will meet customers’ and communities’ growing bandwidth and technology needs.”
Announced Oct. 31, 2016, the merger should allow the combined company to offer enterprise and wholesale customers a broader and more complementary range of services and solutions, and position the combined company to enable the advanced technology and growing bandwidth needs of its customers, including small businesses, large businesses, large multinational enterprises and government entities.
The transaction is subject to the company receiving various regulatory approvals and other customary closing conditions. The two companies continue to expect to receive the remaining state, federal and international approvals in time to complete the merger by Sept. 30, 2017.